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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, JANUARY 19, 2018 Technical: Media: Thomas Howells Edward Morgan Jeannine Aversa (301) 278-9586 (301) 278-9541 (301) 278-9003 BEA 18-02 IndustryEconomicAccounts@bea.gov Jeannine.Aversa@bea.gov Gross Domestic Product by Industry: Third Quarter 2017 Finance and Insurance Led Growth in the Third Quarter Finance and insurance; durable goods manufacturing; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2017. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 18 of 22 industry groups contributed to the overall 3.2 percent increase in real GDP in the third quarter. Real GDP and Real Value Added by Sector Percent Change 5 4 3 2 1 0 -1 2016:Q3 GDP 2016:Q4 Private Goods U.S. Bureau of Economic Analysis • • • 2017:Q1 Private Services 2017:Q2 2017:Q3 Government Seasonally adjusted annual rates For the finance and insurance industry group, real value added—a measure of an industry’s contribution to GDP—increased 14.7 percent in the third quarter, after decreasing 6.6 percent in the second quarter. This was the largest increase since the second quarter of 2009 and primarily reflected increases in securities, commodity contracts, and investments. Durable goods manufacturing increased 7.5 percent, after increasing 2.9 percent. The third quarter growth primarily reflected increases in computer and electronic products manufacturing. Information services increased 9.0 percent, after increasing 7.0 percent. The third quarter growth primarily reflected an increase in broadcasting and telecommunications. This was the largest increase since the fourth quarter of 2015. Real Value Added by Industry Percent Change Durable goods 15 Nondurable goods 10 Retail trade 5 Information 0 Finance and insurance -5 -10 Professional, scientific, and technical services 2017:Q2 2017:Q3 U.S. Bureau of Economic Analysis Seasonally adjusted annual rates Other highlights • • • Nondurable goods manufacturing decreased 4.1 percent in the third quarter, after increasing 3.5 percent in the second. The decrease was primarily attributed to a decrease in petroleum and coal products manufacturing. Retail trade increased 6.3 percent, after increasing 5.6 percent. This primarily reflected increases in other retail, which includes building material and garden equipment and supplies dealers, nonstore retailers, and gasoline stations. Professional, scientific, and technical services increased 2.7 percent, after increasing 5.1 percent. The third quarter increase was primarily attributed to an increase in computer systems design and related services. Gross output by industry Economy-wide, real gross output—principally a measure of an industry’s sales or receipts, which includes sales to final users in the economy (GDP) and sales to other industries (intermediate inputs)— increased 2.1 percent in the third quarter. This reflected an increase of 2.3 percent in real gross output for the private services-producing sector, an increase of 1.8 percent for the private goods-producing sector, and an increase of 1.5 percent for the government sector. Overall, 15 of 22 industry groups contributed to the increase in real gross output. –2– Percent Change Real Gross Output by Industry Durable goods 12 10 Nondurable goods 8 Retail trade 6 Information 4 2 Finance and insurance 0 -2 Professional, scientific, and technical services 2017:Q2 2017:Q3 U.S. Bureau of Economic Analysis • • • Seasonally adjusted annual rates Real gross output for durable goods manufacturing increased 6.8 percent, after increasing 0.8 percent in the second quarter. This was the largest increase since the third quarter of 2014, and primarily reflected increases in other transportation equipment manufacturing and computer and electronic products manufacturing. Retail trade increased 6.2 percent, after increasing 2.0 percent. Information services increased 8.9 percent, after increasing 4.0 percent. The increase was primarily attributed to information and data processing services, which has increased for six consecutive quarters. * * * Next release – April 19, 2018 at 8:30 A.M. EDT for: Gross Domestic Product by Industry: Fourth Quarter and Annual 2017 –3– Additional Information Current-dollar estimates are valued in the prices of the period when the transactions occurred—that is, at “market value.” Also referred to as “nominal estimates” or as “current-price estimates.” Resources Additional resources available at www.bea.gov: • • • • • • Stay informed about BEA developments by reading the BEA blog, signing up for BEA’s email subscription service, or following BEA on Twitter @BEA_News. Historical time series for these estimates can be accessed in BEA’s interactive data application. Access BEA data by registering for BEA’s Data application programming interface (API). For more on BEA’s statistics, see our monthly online journal, the Survey of Current Business. BEA's news release schedule Industry Concepts and Methods: Concepts and Methods of the U.S. Input-Output Accounts Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes. Statistical conventions Annual rates. Quarterly values are expressed at seasonally-adjusted annual rates (SAAR), unless otherwise specified. Dollar changes are calculated as the difference between these SAAR values. For detail, see the FAQ “Why does BEA publish estimates at annual rates?” Quantities and prices. Quantities, or “real” measures, and prices are expressed as index numbers with a specified reference year equal to 100 (currently 2009). Quantity and price indexes are calculated using a Fisher-chained weighted formula that incorporates weights from two adjacent periods (quarters for quarterly data and annuals for annual data). “Real” dollar series are calculated by multiplying the published quantity index by the currentdollar value in the reference year (2009) and then dividing by 100. Percent changes calculated from chained-dollar levels and quantity indexes are conceptually the same; any differences are due to rounding. Definitions Gross domestic product (GDP) or value added is the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment. Chained-dollar values are not additive because the relative weights for a given period differ from those of the reference year. In tables that display chained-dollar values, the value of the "Not allocated by industry" line reflects the difference between the first line and the sum of the most detailed lines. For the real value added by industry table, this value also reflects differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. Gross output (GO) is the value of the goods and services produced by the nation’s economy. It is principally measured using industry sales or receipts, including sales to final users (GDP) and sales to other industries (intermediate inputs). List of News Release Tables Table 1. Real Value Added by Industry Group: Percent Change from Preceding Period Table 2. Contributions to Percent Change in Real GDP by Industry Group Table 3. Chain-Type Price Indexes for Value Added by Industry Group: Percent Change from Preceding Period Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group Table 5. Value Added by Industry Group Table 5a. Value Added by Industry Group as a Percentage of GDP Table 6. Real Gross Output by Industry Group: Percent Change from Preceding Period Table 7. Chain-Type Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period Table 8. Gross Output by Industry Group –4– January 19, 2018 Table 1. Real Value Added by Industry Group: Percent Change from Preceding Period Line 2015 2016 2015 I 1 Gross domestic product…………………………………………………… 2 Private industries………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting…………………………………… 4 Mining…………………………………………………………………………… 5 Utilities…………………………………………………………………………… 6 Construction……………………………………………………………………… 7 Manufacturing…………………………………………………………………… Durable goods………………………………………………………………… 8 Nondurable goods…………………………………………………………… 9 10 Wholesale trade………………………………………………………………… 11 Retail trade……………………………………………………………………… 12 Transportation and warehousing……………………………………………… 13 Information……………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing………………………… Finance and insurance……………………………………………………… 15 Real estate and rental and leasing………………………………………… 16 17 Professional and business services…………………………………………… Professional, scientific, and technical services…………………………… 18 Management of companies and enterprises……………………………… 19 Administrative and waste management services………………………… 20 21 Educational services, health care, and social assistance…………………… Educational services………………………………………………………… 22 Health care and social assistance…………………………………………… 23 24 Arts, entertainment, recreation, accommodation, and food services……… Arts, entertainment, and recreation………………………………………… 25 Accommodation and food services………………………………………… 26 27 Other services, except government…………………………………………… 28 Government……………………………………………………………………… 29 Federal…………………………………………………………………………… 30 State and local…………………………………………………………………… II III Seasonally adjusted at annual rates 2016 IV I II III IV 0.5 0.6 2.2 2.8 1.8 2.9 1.5 3.2 2.7 1.6 3.1 7.6 5.8 -1.4 5.3 0.9 0.2 1.7 2.9 3.7 0.2 10.3 2.9 4.7 1.9 3.1 3.9 2.9 1.2 3.2 0.5 3.6 1.7 -1.5 2.8 0.8 0.2 0.0 0.4 1.5 10.5 -13.3 4.7 3.3 0.5 -0.2 1.2 0.2 4.2 0.7 5.5 0.7 -2.1 2.4 2.2 2.9 1.7 1.1 2.1 0.3 2.4 1.5 2.7 1.1 0.8 1.0 0.6 1.2 3.7 3.5 6.4 -22.0 3.5 6.2 -1.3 15.5 0.3 3.7 -6.0 20.1 6.4 14.5 2.1 2.5 4.2 2.4 -1.5 3.3 2.2 3.5 -2.3 -9.8 0.5 -1.9 -0.6 1.1 -1.4 2.4 5.5 -16.2 20.4 14.1 -4.8 -2.5 -7.3 2.1 9.3 4.2 10.8 3.0 8.6 -0.2 -0.1 1.3 -4.1 -0.6 2.2 -0.8 2.7 2.7 -1.8 4.4 1.4 1.0 0.1 1.4 1.4 21.7 -3.0 8.6 6.6 0.9 -1.5 3.7 -1.3 3.3 6.0 9.5 -3.7 -14.3 3.0 2.8 2.4 4.3 2.7 3.2 1.2 3.5 2.5 0.8 3.1 -0.7 1.1 0.6 1.3 0.7 -0.9 -21.4 -8.8 1.2 -2.1 0.8 -5.3 1.9 6.8 -3.8 10.6 -1.7 -6.3 1.1 2.6 2.2 3.9 2.6 5.0 0.7 5.7 2.4 4.0 1.9 1.0 0.4 0.0 0.6 0.9 23.2 -7.6 7.6 9.4 4.7 -3.2 14.6 -4.7 2.6 -5.2 5.7 -0.6 -8.5 4.1 -0.1 3.7 -8.2 -3.3 -1.6 -1.2 -1.6 -1.0 2.3 -2.0 0.8 0.9 0.6 1.1 2.0 13.2 -27.7 2.9 -4.9 0.0 1.9 -2.2 2.6 3.2 6.4 -3.0 4.4 7.4 2.9 4.6 3.8 12.0 2.2 5.1 1.4 5.7 0.4 1.3 0.1 -0.2 1.2 1.2 1.2 2.8 0.4 -5.3 14.5 1.3 0.3 3.7 -3.6 4.9 2.8 4.0 5.4 3.3 8.3 0.6 3.3 2.3 4.6 5.0 1.1 2.0 1.0 4.0 4.1 3.9 3.4 2.1 1.3 2.4 2.8 3.2 0.3 1.9 5.1 3.3 -2.1 3.7 2.6 1.1 -3.2 1.8 5.6 -0.3 -2.9 3.4 0.0 3.6 1.2 2017 II 3.1 1.9 -3.2 8.5 1.2 -0.4 -1.6 0.7 -4.2 -0.1 5.0 2.0 3.9 4.2 7.3 2.5 2.1 2.3 2.2 1.5 -0.6 -1.7 -0.5 4.2 10.3 2.1 -0.1 0.2 0.1 0.3 1.1 -26.1 12.1 -6.4 3.9 4.0 3.2 4.9 3.3 -0.3 3.9 1.6 -1.5 -7.0 1.7 1.9 0.1 2.9 5.9 3.4 0.9 3.7 -0.6 -5.8 1.2 -0.1 0.4 -0.8 0.9 3.1 -10.6 28.6 8.8 -2.2 3.2 2.9 3.5 2.7 5.6 2.5 7.0 -0.9 -6.6 2.3 5.9 5.1 4.8 8.6 3.9 -1.6 4.7 5.2 13.0 2.7 4.3 0.2 -0.9 0.6 3.8 -2.4 9.7 -6.1 -1.2 2.0 7.5 -4.1 3.6 6.3 0.9 9.0 5.3 14.7 0.4 3.3 2.7 4.0 4.2 4.7 3.2 5.0 1.7 4.7 0.7 3.1 0.5 0.7 0.4 -0.6 2.6 2.8 0.6 3.2 3.1 1.7 4.3 I III 3.2 Addenda: 31 32 Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis –5– January 19, 2018 Table 2. Contributions to Percent Change in Real GDP by Industry Group Line 2015 2016 2015 I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Percent change at annual rate: Gross domestic product…………………………………………………… 2.9 Percentage points at annual rates: Private industries………………………………………………………………… 2.66 Agriculture, forestry, fishing, and hunting…………………………………… 0.08 Mining…………………………………………………………………………… 0.14 Utilities…………………………………………………………………………… -0.02 Construction……………………………………………………………………… 0.21 Manufacturing…………………………………………………………………… 0.11 Durable goods………………………………………………………………… 0.01 Nondurable goods…………………………………………………………… 0.10 Wholesale trade………………………………………………………………… 0.17 Retail trade……………………………………………………………………… 0.21 Transportation and warehousing……………………………………………… 0.01 Information……………………………………………………………………… 0.46 Finance, insurance, real estate, rental, and leasing………………………… 0.58 Finance and insurance……………………………………………………… 0.34 Real estate and rental and leasing………………………………………… 0.24 Professional and business services…………………………………………… 0.36 Professional, scientific, and technical services…………………………… 0.27 Management of companies and enterprises……………………………… 0.06 Administrative and waste management services………………………… 0.04 Educational services, health care, and social assistance…………………… 0.26 Educational services………………………………………………………… 0.01 Health care and social assistance…………………………………………… 0.25 Arts, entertainment, recreation, accommodation, and food services……… 0.06 Arts, entertainment, and recreation………………………………………… -0.01 Accommodation and food services………………………………………… 0.08 Other services, except government…………………………………………… 0.02 Government……………………………………………………………………… 0.03 Federal…………………………………………………………………………… 0.00 State and local…………………………………………………………………… 0.03 Seasonally adjusted at annual rates 2016 IV I II III IV II III 2017 II I III 1.5 3.2 2.7 1.6 0.5 0.6 2.2 2.8 1.8 1.2 3.1 3.2 1.33 0.10 -0.23 0.07 0.14 0.06 -0.01 0.07 0.01 0.24 0.02 0.26 0.15 -0.16 0.31 0.27 0.20 0.03 0.03 0.17 0.00 0.17 0.06 0.03 0.03 0.02 0.13 0.03 0.11 3.20 0.04 0.17 -0.40 0.13 0.71 -0.09 0.81 0.02 0.21 -0.19 0.84 1.26 0.99 0.27 0.29 0.29 0.05 -0.05 0.26 0.02 0.24 -0.09 -0.10 0.01 -0.04 -0.09 0.04 -0.13 2.08 0.05 -0.34 0.29 0.53 -0.61 -0.17 -0.44 0.13 0.51 0.12 0.48 0.61 0.63 -0.02 -0.01 0.09 -0.08 -0.02 0.18 -0.01 0.19 0.10 -0.02 0.12 0.03 0.13 0.00 0.12 1.23 0.20 -0.05 0.13 0.26 0.09 -0.10 0.19 -0.08 0.19 0.17 0.43 -0.78 -1.16 0.38 0.33 0.17 0.08 0.08 0.25 0.01 0.24 0.10 0.01 0.09 -0.01 0.14 0.03 0.12 0.59 -0.01 -0.40 -0.14 0.05 -0.26 0.05 -0.31 0.11 0.39 -0.12 0.48 -0.33 -0.47 0.14 0.30 0.15 0.07 0.08 0.40 0.01 0.39 0.09 0.04 0.05 0.02 0.06 0.00 0.06 0.80 0.21 -0.12 0.11 0.38 0.53 -0.21 0.74 -0.29 0.15 -0.16 0.27 -0.11 -0.64 0.53 -0.01 0.26 -0.17 -0.10 -0.14 -0.01 -0.12 -0.04 0.02 -0.06 0.02 0.12 0.02 0.09 1.77 0.12 -0.44 0.04 -0.21 -0.02 0.12 -0.14 0.15 0.19 0.19 -0.15 0.92 0.54 0.38 0.55 0.27 0.22 0.07 0.42 0.02 0.40 0.02 0.01 0.00 0.00 0.16 0.05 0.11 2.45 0.00 -0.08 0.21 0.05 0.02 0.23 -0.21 0.28 0.17 0.12 0.25 0.69 0.62 0.07 0.40 0.16 0.09 0.15 0.09 0.02 0.07 0.16 0.04 0.12 0.07 0.27 0.05 0.21 1.68 -0.03 0.12 0.02 -0.02 -0.19 0.05 -0.24 -0.01 0.29 0.06 0.19 0.88 0.55 0.33 0.25 0.16 0.04 0.04 -0.05 -0.02 -0.03 0.17 0.10 0.06 0.00 0.03 0.01 0.02 0.94 -0.28 0.18 -0.10 0.16 0.45 0.20 0.26 0.19 -0.02 0.12 0.08 -0.32 -0.55 0.23 0.23 0.00 0.05 0.18 0.28 0.01 0.27 -0.02 -0.06 0.04 0.00 0.05 -0.03 0.08 2.74 -0.10 0.42 0.13 -0.09 0.36 0.18 0.18 0.16 0.33 0.08 0.33 -0.19 -0.50 0.31 0.70 0.35 0.09 0.26 0.32 -0.02 0.34 0.21 0.13 0.08 0.09 0.02 -0.03 0.06 3.28 -0.02 0.16 -0.10 -0.05 0.24 0.46 -0.22 0.21 0.36 0.03 0.42 1.10 1.04 0.05 0.40 0.19 0.08 0.13 0.39 0.03 0.36 0.07 0.05 0.02 0.07 0.07 0.03 0.04 0.06 1.27 1.05 2.15 -0.36 2.44 0.50 0.72 -0.61 1.20 1.00 -0.20 -0.55 2.32 0.00 2.45 -0.11 1.79 0.52 0.42 0.59 2.15 0.32 2.96 Addenda: 31 32 Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 0.54 2.12 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Percentage-point contributions do not sum to the percent change in real gross domestic product because the industry details are calculated using source data and methodologies that differ from those used to calculate growth in the top-line, expenditure-based measure of real GDP. Source: U.S. Bureau of Economic Analysis –6– January 19, 2018 Table 3. Chain-Type Price Indexes for Value Added by Industry Group: Percent Change from Preceding Period Line 2015 2016 2015 I 1 Gross domestic product…………………………………………………… II III Seasonally adjusted at annual rates 2016 IV I II III IV 0.8 0.3 2.4 1.4 2.0 1.1 1.3 -0.1 2.2 1.4 2 Private industries………………………………………………………………… 1.0 3 Agriculture, forestry, fishing, and hunting…………………………………… -16.0 -35.5 4 Mining…………………………………………………………………………… 2.2 5 Utilities…………………………………………………………………………… 4.1 6 Construction……………………………………………………………………… 2.6 7 Manufacturing…………………………………………………………………… Durable goods………………………………………………………………… 3.8 8 Nondurable goods…………………………………………………………… 1.2 9 1.2 10 Wholesale trade………………………………………………………………… Retail trade……………………………………………………………………… 1.7 11 6.0 12 Transportation and warehousing……………………………………………… -1.3 13 Information……………………………………………………………………… 3.0 14 Finance, insurance, real estate, rental, and leasing………………………… Finance and insurance……………………………………………………… 3.5 15 Real estate and rental and leasing………………………………………… 2.7 16 2.5 17 Professional and business services…………………………………………… Professional, scientific, and technical services…………………………… 2.3 18 Management of companies and enterprises……………………………… 2.0 19 Administrative and waste management services………………………… 3.3 20 1.8 21 Educational services, health care, and social assistance…………………… Educational services………………………………………………………… 3.4 22 Health care and social assistance…………………………………………… 1.6 23 4.8 24 Arts, entertainment, recreation, accommodation, and food services……… Arts, entertainment, and recreation………………………………………… 4.4 25 Accommodation and food services………………………………………… 4.9 26 3.7 27 Other services, except government…………………………………………… 28 Government……………………………………………………………………… 2.7 29 Federal…………………………………………………………………………… 2.1 2.9 30 State and local…………………………………………………………………… 1.3 -13.0 -8.3 -3.1 3.7 -0.6 0.7 -2.0 0.2 -0.5 2.3 -0.6 3.8 5.7 2.7 1.0 0.5 -0.5 2.9 2.6 3.4 2.4 4.3 3.7 4.4 3.0 1.3 0.8 1.6 -0.4 -38.6 -65.3 34.2 3.6 -1.4 6.9 -10.2 3.1 -0.8 13.9 -2.6 3.1 3.0 3.1 4.7 4.6 6.0 4.0 1.2 2.9 1.0 8.4 11.2 7.5 4.4 3.4 3.4 3.4 2.8 -0.5 24.3 -20.8 -0.2 7.6 3.4 12.7 1.2 -2.8 -1.7 -0.3 4.1 5.3 3.5 2.8 2.4 2.7 3.9 2.2 4.7 1.9 3.7 5.8 3.0 3.8 2.2 1.5 2.6 1.6 -0.2 -35.0 0.3 4.2 4.2 3.2 5.4 0.6 4.5 0.3 0.8 3.2 4.0 2.8 0.6 1.7 -4.7 1.8 2.9 3.2 2.8 3.1 1.1 3.8 3.5 1.7 1.2 1.9 0.3 -19.0 -29.4 -1.9 3.8 -1.7 1.5 -5.3 -0.8 -3.6 6.9 -1.8 3.0 3.4 2.7 1.6 0.5 1.6 4.1 2.7 4.3 2.4 5.0 2.5 5.9 3.5 3.0 0.7 4.0 -0.1 -21.9 -44.3 -3.3 1.9 -7.9 -0.8 -15.4 2.4 0.5 7.8 -0.2 3.8 5.8 2.6 1.3 -0.1 1.8 4.3 2.9 3.9 2.8 6.6 7.6 6.3 3.4 0.2 2.3 -0.8 2.9 -8.4 90.7 -1.8 6.2 3.2 0.4 6.7 -1.5 -0.2 -4.1 -0.4 4.6 9.0 2.2 0.4 -0.1 -0.8 2.4 2.2 2.6 2.2 3.8 2.3 4.4 2.4 1.5 -1.1 2.7 1.6 -13.7 23.6 -1.9 3.5 0.4 -1.3 2.3 -1.6 -0.6 -1.1 -1.6 4.4 7.1 2.8 0.2 0.9 -2.9 0.4 2.4 1.7 2.5 3.2 7.0 1.9 1.8 0.5 -0.1 0.7 -1.0 1.9 -14.0 3.8 7.2 1.5 -0.6 2.2 -4.2 1.6 -9.9 2.7 8.1 1.6 2.0 1.5 2.0 2017 II 1.0 2.3 -4.6 27.8 1.7 5.8 3.0 1.2 5.2 2.3 -2.6 2.0 0.1 3.9 4.0 3.8 -0.2 0.3 -4.5 1.6 2.0 2.9 1.8 -0.7 -6.3 1.3 2.3 0.8 0.6 1.0 2.0 58.2 21.5 1.1 0.9 -1.8 0.0 -3.9 1.5 4.7 0.9 -1.2 0.3 -2.8 2.2 2.8 3.2 3.1 1.9 2.2 3.8 2.0 3.3 7.4 1.9 3.7 4.2 6.8 3.0 1.2 1.0 -11.6 2.0 3.9 -0.9 0.0 -1.9 4.0 -0.5 5.8 -0.6 2.5 1.6 2.9 0.9 0.5 0.1 2.2 0.9 1.5 0.8 1.4 -2.6 2.9 1.2 2.2 2.4 2.1 1.9 -5.1 -3.3 3.2 5.8 4.0 -0.8 10.1 2.8 -2.9 1.3 -2.7 3.7 3.0 4.2 0.7 0.8 -0.5 1.4 1.2 2.3 1.1 1.9 0.2 2.6 2.3 2.0 0.8 2.6 5.1 1.5 3.1 1.7 -0.7 1.7 3.3 1.5 I III 2.1 Addenda: 31 32 Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… -3.6 2.4 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis –7– January 19, 2018 Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group Line 2015 2016 2015 I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Percent change at annual rate: Gross domestic product…………………………………………………… 1.1 Percentage points at annual rates: Private industries………………………………………………………………… 0.90 Agriculture, forestry, fishing, and hunting…………………………………… -0.19 Mining…………………………………………………………………………… -1.00 Utilities…………………………………………………………………………… 0.03 Construction……………………………………………………………………… 0.16 Manufacturing…………………………………………………………………… 0.31 Durable goods………………………………………………………………… 0.24 Nondurable goods…………………………………………………………… 0.07 Wholesale trade………………………………………………………………… 0.07 Retail trade……………………………………………………………………… 0.10 Transportation and warehousing……………………………………………… 0.17 Information……………………………………………………………………… -0.06 Finance, insurance, real estate, rental, and leasing………………………… 0.60 Finance and insurance……………………………………………………… 0.26 Real estate and rental and leasing………………………………………… 0.35 Professional and business services…………………………………………… 0.29 Professional, scientific, and technical services…………………………… 0.16 Management of companies and enterprises……………………………… 0.04 Administrative and waste management services………………………… 0.10 Educational services, health care, and social assistance…………………… 0.15 Educational services………………………………………………………… 0.04 Health care and social assistance…………………………………………… 0.11 Arts, entertainment, recreation, accommodation, and food services……… 0.18 Arts, entertainment, and recreation………………………………………… 0.04 Accommodation and food services………………………………………… 0.14 Other services, except government…………………………………………… 0.08 Government……………………………………………………………………… 0.34 Federal…………………………………………………………………………… 0.09 State and local…………………………………………………………………… 0.26 Seasonally adjusted at annual rates 2016 IV I II III IV II III 2017 II I III 1.3 -0.1 2.2 1.4 0.8 0.3 2.4 1.4 2.0 2.0 1.0 2.1 1.12 -0.14 -0.14 -0.05 0.15 -0.07 0.04 -0.11 0.01 -0.03 0.07 -0.03 0.78 0.42 0.36 0.12 0.04 -0.01 0.09 0.21 0.04 0.17 0.17 0.04 0.13 0.07 0.17 0.03 0.14 -0.39 -0.52 -2.41 0.47 0.14 -0.17 0.44 -0.61 0.19 -0.05 0.39 -0.12 0.62 0.22 0.40 0.55 0.32 0.12 0.12 0.10 0.03 0.07 0.31 0.11 0.21 0.09 0.43 0.14 0.30 2.42 0.00 0.43 -0.36 -0.01 0.90 0.23 0.68 0.07 -0.16 -0.05 -0.01 0.84 0.39 0.45 0.34 0.17 0.05 0.12 0.18 0.05 0.13 0.14 0.06 0.09 0.08 0.29 0.06 0.23 1.40 0.00 -0.80 0.00 0.17 0.51 0.21 0.30 0.04 0.27 0.01 0.04 0.65 0.29 0.36 0.08 0.12 -0.09 0.05 0.23 0.04 0.20 0.12 0.01 0.11 0.08 0.22 0.05 0.17 0.28 -0.22 -0.56 -0.03 0.16 -0.21 0.10 -0.30 -0.05 -0.21 0.20 -0.09 0.59 0.24 0.35 0.19 0.04 0.03 0.12 0.22 0.05 0.17 0.19 0.02 0.17 0.08 0.39 0.03 0.36 -0.10 -0.24 -0.81 -0.05 0.08 -0.95 -0.05 -0.90 0.14 0.03 0.23 -0.01 0.75 0.40 0.35 0.15 -0.01 0.03 0.13 0.24 0.04 0.20 0.26 0.07 0.18 0.07 0.02 0.09 -0.07 2.55 -0.09 0.87 -0.03 0.26 0.40 0.03 0.37 -0.09 -0.01 -0.13 -0.02 0.93 0.63 0.30 0.06 0.00 -0.02 0.07 0.19 0.03 0.16 0.15 0.02 0.13 0.05 0.19 -0.04 0.24 1.37 -0.14 0.30 -0.03 0.15 0.06 -0.08 0.14 -0.10 -0.04 -0.03 -0.07 0.89 0.52 0.37 0.02 0.06 -0.06 0.01 0.20 0.02 0.18 0.13 0.07 0.06 0.04 0.06 0.00 0.06 1.97 -0.04 0.36 0.03 0.24 0.36 0.08 0.28 0.14 -0.16 0.06 0.00 0.81 0.30 0.51 -0.02 0.02 -0.09 0.05 0.16 0.03 0.13 -0.03 -0.07 0.04 0.05 0.11 0.02 0.09 1.72 0.43 0.31 0.02 0.04 -0.21 0.00 -0.21 0.09 0.27 0.03 -0.06 0.07 -0.22 0.29 0.34 0.22 0.06 0.06 0.19 0.04 0.14 0.13 0.07 0.06 0.08 0.53 0.26 0.27 1.02 0.01 -0.20 0.03 0.17 -0.10 0.00 -0.10 0.23 -0.03 0.17 -0.03 0.51 0.12 0.39 0.11 0.04 0.00 0.07 0.08 0.02 0.06 0.06 -0.03 0.09 0.03 0.28 0.09 0.18 1.64 -0.05 -0.06 0.05 0.24 0.47 -0.05 0.52 0.16 -0.17 0.04 -0.13 0.77 0.22 0.55 0.09 0.06 -0.01 0.04 0.10 0.02 0.08 0.08 0.00 0.08 0.05 0.26 0.03 0.23 -0.19 1.32 -2.96 2.57 1.33 1.09 -0.12 1.52 -0.83 1.10 -1.92 1.82 1.45 1.11 0.36 1.01 0.92 1.05 0.57 1.15 -0.13 1.15 0.61 1.04 Addenda: 31 32 Private goods-producing industries1…………………………………………… -0.72 Private services-producing industries2………………………………………… 1.63 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Percentage-point contributions do not sum to the percent change in the chain-type price index for gross domestic product because the industry details are calculated using source data and methodologies that differ from those used to calculate growth in the top-line, expenditure-based measure of GDP price growth. Source: U.S. Bureau of Economic Analysis –8– January 19, 2018 Table 5. Value Added by Industry Group Line 1 2015 2016 2015 Billions of dollars Seasonally adjusted at annual rates 2016 IV I II III IV 2017 II II III I III I Gross domestic product……………………………………………………18,120.7 18,624.5 17,874.7 18,093.2 18,227.7 18,287.2 18,325.2 18,538.0 18,729.1 18,905.5 19,057.7 19,250.0 19,500.6 2 Private industries…………………………………………………………………15,776.3 16,224.6 15,557.4 15,757.2 15,875.5 15,915.0 15,946.5 16,143.3 16,319.4 16,489.4 16,614.5 16,792.6 17,027.5 184.8 177.6 181.0 183.3 192.6 182.3 180.5 182.1 175.6 172.2 179.0 174.5 171.2 3 Agriculture, forestry, fishing, and hunting…………………………………… 4 Mining…………………………………………………………………………… 327.6 260.6 355.9 358.9 319.6 276.2 234.6 254.7 265.2 288.0 311.1 321.2 326.0 5 Utilities…………………………………………………………………………… 282.9 287.1 284.2 281.0 287.1 279.3 281.9 282.6 290.9 293.0 289.0 296.6 294.3 6 Construction……………………………………………………………………… 739.9 792.5 710.1 733.6 753.2 762.6 783.7 785.7 795.0 805.6 815.2 818.6 827.5 7 Manufacturing…………………………………………………………………… 2,185.0 2,183.0 2,166.5 2,179.9 2,207.3 2,186.2 2,166.4 2,183.6 2,187.0 2,194.8 2,206.3 2,218.6 2,252.0 8 Durable goods………………………………………………………………… 1,172.1 1,177.9 1,166.2 1,168.6 1,173.4 1,180.1 1,168.2 1,174.6 1,181.5 1,187.2 1,196.4 1,204.8 1,224.4 9 Nondurable goods…………………………………………………………… 1,012.9 1,005.1 1,000.3 1,011.2 1,033.9 1,006.1 998.2 1,008.9 1,005.6 1,007.7 1,009.9 1,013.7 1,027.6 10 Wholesale trade………………………………………………………………… 1,097.9 1,102.6 1,091.3 1,100.3 1,098.5 1,101.3 1,094.6 1,097.6 1,106.2 1,112.2 1,125.4 1,143.9 1,161.9 11 Retail trade……………………………………………………………………… 1,057.8 1,096.9 1,033.9 1,049.7 1,070.0 1,077.7 1,086.2 1,094.3 1,100.4 1,106.6 1,118.3 1,132.3 1,141.3 12 Transportation and warehousing……………………………………………… 546.2 562.5 538.6 541.9 550.3 554.1 557.0 559.8 563.8 569.5 576.3 588.2 591.4 13 Information……………………………………………………………………… 862.0 904.0 831.1 852.1 873.3 891.5 903.6 895.7 903.9 912.7 913.5 927.8 941.5 14 Finance, insurance, real estate, rental, and leasing………………………… 3,714.3 3,883.8 3,665.7 3,730.6 3,724.6 3,736.2 3,764.8 3,848.7 3,921.3 4,000.3 3,988.1 4,002.8 4,092.3 15 Finance and insurance……………………………………………………… 1,356.8 1,404.9 1,344.9 1,390.7 1,351.3 1,340.5 1,329.1 1,382.3 1,434.3 1,474.1 1,437.3 1,418.6 1,478.9 16 Real estate and rental and leasing………………………………………… 2,357.4 2,478.8 2,320.8 2,339.9 2,373.4 2,395.7 2,435.7 2,466.4 2,487.0 2,526.2 2,550.8 2,584.2 2,613.4 17 Professional and business services…………………………………………… 2,181.9 2,251.7 2,156.0 2,170.8 2,189.1 2,211.9 2,218.5 2,246.3 2,265.7 2,276.2 2,303.2 2,341.6 2,365.0 18 Professional, scientific, and technical services…………………………… 1,282.6 1,326.3 1,265.2 1,276.9 1,289.7 1,298.5 1,310.0 1,322.0 1,332.3 1,340.7 1,351.4 1,369.9 1,381.8 Management of companies and enterprises……………………………… 353.8 358.1 353.8 352.5 352.0 356.9 350.9 360.2 361.7 359.5 364.8 369.2 372.4 19 20 Administrative and waste management services………………………… 545.6 567.4 537.0 541.4 547.4 556.5 557.7 564.1 571.7 576.0 587.0 602.5 610.8 21 Educational services, health care, and social assistance…………………… 1,485.6 1,555.6 1,455.4 1,471.6 1,493.6 1,521.9 1,526.8 1,554.4 1,568.1 1,573.3 1,595.1 1,614.1 1,637.8 22 Educational services………………………………………………………… 199.0 206.3 196.0 197.8 199.9 202.4 203.7 205.8 207.7 208.3 210.7 210.6 213.5 23 Health care and social assistance…………………………………………… 1,286.6 1,349.3 1,259.5 1,273.8 1,293.6 1,319.5 1,323.1 1,348.7 1,360.4 1,365.0 1,384.4 1,403.5 1,424.3 24 Arts, entertainment, recreation, accommodation, and food services……… 709.7 751.1 693.2 704.3 714.2 727.3 737.2 744.9 758.0 764.5 769.6 782.2 789.3 25 Arts, entertainment, and recreation………………………………………… 180.2 191.9 177.7 179.4 180.3 183.2 187.7 189.3 194.5 196.1 196.7 201.5 203.9 26 Accommodation and food services………………………………………… 529.6 559.2 515.5 524.9 533.9 544.1 549.5 555.6 563.5 568.4 572.8 580.7 585.4 27 Other services, except government…………………………………………… 400.6 415.7 394.3 399.3 402.1 406.5 410.7 413.0 418.4 420.6 424.4 430.2 436.0 28 Government……………………………………………………………………… 2,344.4 2,399.8 2,317.3 2,336.0 2,352.2 2,372.3 2,378.7 2,394.8 2,409.7 2,416.1 2,443.3 2,457.5 2,473.1 29 Federal…………………………………………………………………………… 732.8 743.1 728.6 731.6 734.8 736.2 741.4 741.7 743.9 745.3 756.0 758.8 761.7 30 State and local…………………………………………………………………… 1,611.6 1,656.7 1,588.7 1,604.4 1,617.4 1,636.0 1,637.3 1,653.0 1,665.7 1,670.9 1,687.2 1,698.6 1,711.4 Addenda: 31 32 Private goods-producing industries1………………………………………… 3,437.3 3,413.6 3,413.5 3,455.7 3,472.7 3,407.3 3,365.1 3,406.0 3,422.8 3,460.6 3,511.5 3,532.8 3,576.7 Private services-producing industries2…………………………………………12,339.0 12,811.0 12,143.9 12,301.5 12,402.8 12,507.7 12,581.3 12,737.3 12,896.6 13,028.8 13,102.9 13,259.7 13,450.8 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Detail may not add to total due to rounding. Source: U.S. Bureau of Economic Analysis –9– January 19, 2018 Table 5a. Value Added by Industry Group as a Percentage of GDP Line 1 100.0 100.0 I 100.0 II 100.0 III 100.0 IV 100.0 I 100.0 II 100.0 III 100.0 IV 100.0 I 100.0 2017 II 100.0 87.1 1.0 1.8 1.6 4.1 12.1 6.5 5.6 6.1 5.8 3.0 4.8 20.5 7.5 13.0 12.0 7.1 2.0 3.0 8.2 1.1 7.1 3.9 1.0 2.9 2.2 12.9 4.0 8.9 87.1 1.0 1.4 1.5 4.3 11.7 6.3 5.4 5.9 5.9 3.0 4.9 20.9 7.5 13.3 12.1 7.1 1.9 3.0 8.4 1.1 7.2 4.0 1.0 3.0 2.2 12.9 4.0 8.9 87.0 1.0 2.0 1.6 4.0 12.1 6.5 5.6 6.1 5.8 3.0 4.6 20.5 7.5 13.0 12.1 7.1 2.0 3.0 8.1 1.1 7.0 3.9 1.0 2.9 2.2 13.0 4.1 8.9 87.1 1.0 2.0 1.6 4.1 12.0 6.5 5.6 6.1 5.8 3.0 4.7 20.6 7.7 12.9 12.0 7.1 1.9 3.0 8.1 1.1 7.0 3.9 1.0 2.9 2.2 12.9 4.0 8.9 87.1 1.1 1.8 1.6 4.1 12.1 6.4 5.7 6.0 5.9 3.0 4.8 20.4 7.4 13.0 12.0 7.1 1.9 3.0 8.2 1.1 7.1 3.9 1.0 2.9 2.2 12.9 4.0 8.9 87.0 1.0 1.5 1.5 4.2 12.0 6.5 5.5 6.0 5.9 3.0 4.9 20.4 7.3 13.1 12.1 7.1 2.0 3.0 8.3 1.1 7.2 4.0 1.0 3.0 2.2 13.0 4.0 8.9 87.0 1.0 1.3 1.5 4.3 11.8 6.4 5.4 6.0 5.9 3.0 4.9 20.5 7.3 13.3 12.1 7.1 1.9 3.0 8.3 1.1 7.2 4.0 1.0 3.0 2.2 13.0 4.0 8.9 87.1 1.0 1.4 1.5 4.2 11.8 6.3 5.4 5.9 5.9 3.0 4.8 20.8 7.5 13.3 12.1 7.1 1.9 3.0 8.4 1.1 7.3 4.0 1.0 3.0 2.2 12.9 4.0 8.9 87.1 0.9 1.4 1.6 4.2 11.7 6.3 5.4 5.9 5.9 3.0 4.8 20.9 7.7 13.3 12.1 7.1 1.9 3.1 8.4 1.1 7.3 4.0 1.0 3.0 2.2 12.9 4.0 8.9 87.2 0.9 1.5 1.5 4.3 11.6 6.3 5.3 5.9 5.9 3.0 4.8 21.2 7.8 13.4 12.0 7.1 1.9 3.0 8.3 1.1 7.2 4.0 1.0 3.0 2.2 12.8 3.9 8.8 87.2 0.9 1.6 1.5 4.3 11.6 6.3 5.3 5.9 5.9 3.0 4.8 20.9 7.5 13.4 12.1 7.1 1.9 3.1 8.4 1.1 7.3 4.0 1.0 3.0 2.2 12.8 4.0 8.9 87.2 0.9 1.7 1.5 4.3 11.5 6.3 5.3 5.9 5.9 3.1 4.8 20.8 7.4 13.4 12.2 7.1 1.9 3.1 8.4 1.1 7.3 4.1 1.0 3.0 2.2 12.8 3.9 8.8 87.3 0.9 1.7 1.5 4.2 11.5 6.3 5.3 6.0 5.9 3.0 4.8 21.0 7.6 13.4 12.1 7.1 1.9 3.1 8.4 1.1 7.3 4.0 1.0 3.0 2.2 12.7 3.9 8.8 19.0 68.1 18.3 68.8 19.1 67.9 19.1 68.0 19.1 68.0 18.6 68.4 18.4 68.7 18.4 68.7 18.3 68.9 18.3 68.9 18.4 68.8 18.4 68.9 18.3 69.0 2015 Gross domestic product…………………………………………………… 2 Private industries………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting…………………………………… 4 Mining…………………………………………………………………………… 5 Utilities…………………………………………………………………………… 6 Construction……………………………………………………………………… 7 Manufacturing…………………………………………………………………… Durable goods………………………………………………………………… 8 Nondurable goods…………………………………………………………… 9 10 Wholesale trade………………………………………………………………… 11 Retail trade……………………………………………………………………… 12 Transportation and warehousing……………………………………………… 13 Information……………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing………………………… Finance and insurance……………………………………………………… 15 Real estate and rental and leasing………………………………………… 16 17 Professional and business services…………………………………………… Professional, scientific, and technical services…………………………… 18 Management of companies and enterprises……………………………… 19 Administrative and waste management services………………………… 20 21 Educational services, health care, and social assistance…………………… Educational services………………………………………………………… 22 Health care and social assistance…………………………………………… 23 24 Arts, entertainment, recreation, accommodation, and food services……… Arts, entertainment, and recreation………………………………………… 25 Accommodation and food services………………………………………… 26 27 Other services, except government…………………………………………… 28 Government……………………………………………………………………… 29 Federal…………………………………………………………………………… 30 State and local…………………………………………………………………… 2016 2015 2016 III 100.0 Addenda: 31 32 Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Detail may not add to total due to rounding. Source: U.S. Bureau of Economic Analysis – 10 – January 19, 2018 Table 6. Real Gross Output by Industry Group: Percent Change from Preceding Period Line 2015 2016 2015 I 1 All industries………………………………………………………………… 2 Private industries………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting…………………………………… 4 Mining…………………………………………………………………………… 5 Utilities…………………………………………………………………………… 6 Construction……………………………………………………………………… 7 Manufacturing…………………………………………………………………… Durable goods………………………………………………………………… 8 Nondurable goods…………………………………………………………… 9 10 Wholesale trade………………………………………………………………… 11 Retail trade……………………………………………………………………… 12 Transportation and warehousing……………………………………………… 13 Information……………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing………………………… Finance and insurance……………………………………………………… 15 Real estate and rental and leasing………………………………………… 16 17 Professional and business services…………………………………………… Professional, scientific, and technical services…………………………… 18 Management of companies and enterprises……………………………… 19 Administrative and waste management services………………………… 20 21 Educational services, health care, and social assistance…………………… Educational services………………………………………………………… 22 Health care and social assistance…………………………………………… 23 24 Arts, entertainment, recreation, accommodation, and food services……… Arts, entertainment, and recreation………………………………………… 25 Accommodation and food services………………………………………… 26 27 Other services, except government…………………………………………… 28 Government……………………………………………………………………… 29 Federal…………………………………………………………………………… 30 State and local…………………………………………………………………… II III Seasonally adjusted at annual rates 2016 IV I II III IV 0.6 1.4 2.2 2.4 2.5 2.3 1.8 0.1 3.0 1.8 2.4 0.8 -5.0 0.0 7.0 0.6 0.2 1.0 -0.2 3.9 2.2 4.8 2.2 2.9 1.7 3.1 2.3 4.5 3.9 4.6 1.8 5.0 4.5 3.3 4.9 0.9 1.5 -0.2 2.3 1.8 6.4 -15.9 -0.4 4.3 1.3 -0.6 3.4 -0.2 3.6 -0.5 4.2 1.3 -0.5 2.5 2.8 3.1 0.8 3.6 3.0 1.1 3.3 2.7 2.4 2.8 3.0 1.2 0.0 1.8 -0.1 -4.8 -3.5 1.5 8.2 -1.5 -4.5 1.6 -8.8 1.6 -4.2 3.8 1.1 3.7 -0.6 0.2 -2.6 7.7 1.3 2.2 1.1 2.4 3.1 7.9 1.6 -8.5 2.3 2.6 2.2 3.1 -2.0 -21.1 -1.8 19.6 1.5 2.9 -0.1 1.3 9.3 0.4 5.9 2.5 5.8 0.3 1.6 2.9 -3.2 2.1 3.8 3.1 3.9 6.1 0.9 7.9 6.5 2.2 1.0 2.8 1.9 8.6 -11.4 -5.4 2.9 3.3 2.2 4.4 1.0 7.5 2.8 2.3 -2.0 -6.6 1.4 3.2 3.8 0.5 3.9 6.0 0.6 6.8 1.7 1.4 1.8 -4.1 1.0 -1.9 2.3 0.5 2.5 -22.2 -6.7 -2.0 -0.8 -3.7 2.2 -5.5 -0.4 -2.3 9.7 3.2 4.6 2.3 0.4 -1.7 7.1 0.5 2.2 3.5 2.0 3.1 -0.4 4.2 3.8 1.8 1.5 1.9 1.5 15.3 -19.3 -0.3 15.3 1.9 -2.0 6.2 -6.9 3.6 -2.7 4.0 -0.6 -5.8 3.3 2.7 8.3 -10.1 0.3 1.5 -0.9 1.8 1.1 1.1 1.1 5.0 0.8 -1.6 1.9 2.3 6.9 -19.5 9.2 -1.5 -0.3 -3.7 3.3 4.3 2.9 -0.7 -1.1 3.8 3.8 3.8 5.8 1.9 15.2 8.2 5.2 4.0 5.4 3.0 -0.1 4.0 1.2 1.5 1.7 1.5 2.6 -1.2 -2.1 6.2 -1.4 3.0 4.6 1.4 7.2 3.3 1.7 7.2 1.9 1.0 2.6 2.5 0.4 1.1 8.4 0.0 -2.8 0.4 3.0 8.5 1.3 4.7 1.2 1.1 1.3 1.2 2.9 1.2 2.1 -0.5 0.0 2.3 3.4 2.5 1.6 -2.1 1.6 3.7 0.7 -1.1 3.6 1.7 2.9 2.8 2017 II 2.5 2.9 2.6 2.8 -9.0 1.4 3.6 5.6 1.6 12.6 5.9 3.0 1.3 -0.8 -2.8 0.7 2.4 4.7 -7.7 4.7 4.8 1.3 5.4 5.2 15.1 2.1 5.4 -0.5 -2.3 0.3 3.3 -14.5 39.0 -11.9 2.5 0.7 1.8 -0.4 6.6 0.6 0.5 5.0 7.0 12.2 3.5 2.5 -1.4 6.3 8.9 4.3 0.9 4.8 1.6 -5.1 3.9 1.2 -0.9 -5.2 1.1 2.6 -5.9 20.7 25.6 -8.1 0.7 0.8 0.7 -1.3 2.0 6.4 4.0 5.1 10.2 1.6 4.0 3.1 4.0 5.9 1.6 5.1 1.2 1.1 12.5 -2.5 6.1 1.3 0.3 1.7 2.2 -2.3 7.9 -10.4 -5.5 3.5 6.8 0.2 5.0 6.2 -6.2 8.9 -0.2 -0.5 0.1 1.4 -1.3 3.2 5.9 5.8 8.7 5.4 2.6 16.0 -1.6 5.5 1.5 2.2 1.3 3.1 2.8 1.8 3.8 -0.2 3.8 1.8 2.3 I III 2.1 Addenda: 31 32 Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis – 11 – January 19, 2018 Table 7. Chain-Type Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period Line 2015 2016 2015 I -1.0 0.3 -4.1 1.4 III -0.1 2 Private industries………………………………………………………………… -1.2 3 Agriculture, forestry, fishing, and hunting…………………………………… -10.0 -29.4 4 Mining…………………………………………………………………………… -5.6 5 Utilities…………………………………………………………………………… 1.8 6 Construction……………………………………………………………………… -5.7 7 Manufacturing…………………………………………………………………… Durable goods………………………………………………………………… -0.1 8 Nondurable goods…………………………………………………………… -10.9 9 0.9 10 Wholesale trade………………………………………………………………… 1.4 11 Retail trade……………………………………………………………………… -1.5 12 Transportation and warehousing……………………………………………… -0.4 13 Information……………………………………………………………………… 2.3 14 Finance, insurance, real estate, rental, and leasing………………………… Finance and insurance……………………………………………………… 2.7 15 Real estate and rental and leasing………………………………………… 2.1 16 1.7 17 Professional and business services…………………………………………… Professional, scientific, and technical services…………………………… 1.7 18 Management of companies and enterprises……………………………… 1.3 19 Administrative and waste management services………………………… 1.9 20 1.2 21 Educational services, health care, and social assistance…………………… Educational services………………………………………………………… 1.9 22 Health care and social assistance…………………………………………… 1.1 23 2.6 24 Arts, entertainment, recreation, accommodation, and food services……… Arts, entertainment, and recreation………………………………………… 2.9 25 Accommodation and food services………………………………………… 2.5 26 2.1 27 Other services, except government…………………………………………… 28 Government……………………………………………………………………… 0.6 29 Federal…………………………………………………………………………… 0.7 0.6 30 State and local…………………………………………………………………… 0.3 -10.2 -6.8 -3.2 2.0 -2.6 -0.4 -4.7 0.3 0.0 -0.7 0.0 3.0 4.0 2.3 0.9 0.7 0.0 1.9 1.6 2.0 1.6 2.3 2.4 2.3 1.8 0.8 0.5 1.0 -4.5 -24.0 -56.4 1.8 0.4 -14.3 0.1 -26.7 1.9 -0.5 -4.7 -1.2 2.3 2.3 2.3 2.6 2.8 3.3 1.6 0.2 0.9 0.1 3.4 6.6 2.4 2.0 -1.1 0.4 -1.8 1.3 -4.3 14.7 -17.6 0.2 0.5 -1.1 2.2 1.2 -1.2 0.1 0.3 3.4 4.5 2.6 2.3 2.2 2.1 2.9 1.7 2.6 1.6 2.5 4.4 1.9 2.6 1.8 0.8 2.3 -0.3 -4.0 -27.3 2.2 1.7 -3.7 -1.2 -6.1 0.4 3.1 -1.5 0.3 2.5 2.7 2.3 0.4 1.2 -2.5 0.9 1.6 2.0 1.6 1.5 0.6 1.8 1.8 1.0 0.4 1.2 -1.9 -13.8 -25.9 -9.1 1.0 -6.7 -1.8 -11.5 -1.0 -2.8 -1.7 -1.3 1.5 1.0 1.8 0.8 0.3 0.5 2.0 1.1 2.0 1.0 1.8 1.0 2.0 1.3 0.8 -0.1 1.2 -1.5 -15.0 -37.1 -8.0 0.5 -8.3 -1.7 -14.9 1.7 0.7 -2.0 0.5 2.9 4.3 2.0 1.0 0.3 0.8 2.6 1.6 2.1 1.5 3.4 4.6 3.0 1.9 -1.0 1.1 -2.0 2.9 -7.2 60.9 -0.4 4.6 4.5 1.7 7.4 -0.6 0.4 -0.2 0.2 4.2 6.5 2.6 0.9 0.4 0.3 2.2 1.8 2.1 1.8 2.4 1.5 2.7 2.0 2.2 0.0 3.2 2.2 -10.4 26.2 11.8 2.8 2.2 1.4 3.0 -0.6 0.5 1.4 -0.2 3.9 5.7 2.7 0.8 1.1 -0.6 1.0 1.9 1.5 2.0 2.9 5.6 2.0 1.8 1.6 0.7 2.1 -2.4 1.3 -16.7 1.2 1.0 1.4 -4.3 1.4 -6.9 0.1 -8.7 1.4 5.8 1.8 2.6 2.0 1 All industries………………………………………………………………… II Seasonally adjusted at annual rates 2016 IV I II III IV -1.6 -1.5 2.8 2.1 2.2 3.4 2017 II 1.2 2.3 -5.0 22.2 4.4 3.6 3.8 1.1 6.6 2.1 -1.0 2.9 0.6 3.2 3.0 3.4 0.5 0.7 -1.9 1.5 1.9 2.2 1.8 0.0 -3.4 1.2 2.0 1.5 0.8 1.8 3.3 24.7 21.7 7.1 2.6 5.5 2.5 8.7 1.8 3.8 4.2 0.1 0.7 -1.7 2.4 2.5 2.8 2.0 2.1 2.2 3.3 2.0 3.2 6.4 2.2 2.6 4.5 6.1 3.9 1.1 1.2 -10.1 -2.1 2.7 0.5 1.8 -0.9 3.1 0.2 1.8 0.5 2.0 1.3 2.5 1.1 0.9 0.6 1.9 1.4 1.6 1.4 1.6 -1.2 2.5 1.2 1.6 2.0 1.4 1.5 -1.2 -3.1 0.3 4.1 2.1 0.9 3.4 2.3 -1.3 2.2 -1.7 2.9 2.0 3.6 0.8 0.9 -0.2 1.3 1.1 1.7 1.0 1.3 0.8 1.5 1.9 2.1 1.1 2.5 4.1 1.7 6.6 2.0 0.3 1.4 2.0 1.3 I III 1.6 Addenda: 31 32 Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… -6.7 1.3 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis – 12 – January 19, 2018 Table 8. Gross Output by Industry Group Line 1 2015 2016 2015 Billions of dollars Seasonally adjusted at annual rates 2016 IV I II III IV 2017 II I II III I III All industries…………………………………………………………………31,431.4 32,084.9 31,134.5 31,471.4 31,598.9 31,520.9 31,516.1 31,907.1 32,267.4 32,649.1 33,154.6 33,456.0 33,762.3 2 Private industries……………………………………………………………… 27,898.2 28,479.6 27,641.6 27,943.5 28,054.2 27,953.4 27,950.9 28,308.7 28,643.2 29,015.8 29,489.0 29,764.0 30,036.9 428.1 454.4 447.2 451.9 438.2 436.0 435.1 422.0 419.3 425.9 420.8 417.0 3 Agriculture, forestry, fishing, and hunting…………………………………… 447.9 4 Mining…………………………………………………………………………… 457.7 358.6 507.2 494.3 442.9 386.4 326.8 349.1 368.4 390.2 445.0 454.2 459.3 391.1 427.7 405.7 402.3 386.1 377.8 385.9 402.8 397.7 392.0 412.9 402.0 5 Utilities…………………………………………………………………………… 405.4 6 Construction…………………………………………………………………… 1,355.5 1,442.0 1,303.6 1,363.7 1,379.2 1,375.4 1,426.8 1,437.7 1,442.8 1,460.9 1,479.6 1,458.7 1,452.8 7 Manufacturing………………………………………………………………… 5,785.0 5,712.6 5,795.7 5,823.6 5,816.3 5,704.3 5,607.4 5,664.1 5,737.1 5,841.7 5,930.6 5,948.8 6,031.4 8 Durable goods……………………………………………………………… 2,952.9 2,923.6 2,950.1 2,963.0 2,969.8 2,928.5 2,901.2 2,886.4 2,929.2 2,977.7 3,009.2 3,028.6 3,085.6 Nondurable goods…………………………………………………………… 2,832.1 2,788.9 2,845.5 2,860.6 2,846.5 2,775.8 2,706.2 2,777.6 2,807.8 2,864.0 2,921.4 2,920.2 2,945.8 9 10 Wholesale trade……………………………………………………………… 1,576.3 1,577.8 1,572.5 1,582.5 1,588.2 1,562.0 1,541.0 1,555.0 1,579.5 1,635.6 1,669.4 1,676.6 1,706.9 11 Retail trade……………………………………………………………………… 1,657.7 1,718.0 1,616.0 1,647.5 1,690.4 1,676.9 1,694.7 1,708.4 1,724.1 1,744.8 1,763.8 1,773.3 1,794.3 12 Transportation and warehousing…………………………………………… 1,079.6 1,067.0 1,079.7 1,081.1 1,084.3 1,073.4 1,060.8 1,058.5 1,066.6 1,082.3 1,094.8 1,116.9 1,105.3 13 Information……………………………………………………………………… 1,557.4 1,622.3 1,527.1 1,550.6 1,560.4 1,591.7 1,609.4 1,605.9 1,633.2 1,640.9 1,661.2 1,679.7 1,708.9 14 Finance, insurance, real estate, rental, and leasing……………………… 5,620.6 5,862.9 5,539.9 5,621.3 5,627.7 5,693.6 5,726.8 5,839.7 5,924.7 5,960.5 6,072.7 6,178.5 6,221.0 15 Finance and insurance……………………………………………………… 2,327.4 2,408.3 2,287.9 2,345.8 2,321.8 2,353.9 2,343.6 2,403.2 2,442.9 2,443.7 2,504.2 2,573.8 2,583.8 Real estate and rental and leasing………………………………………… 3,293.3 3,454.6 3,251.9 3,275.5 3,305.9 3,339.7 3,383.3 3,436.5 3,481.8 3,516.8 3,568.5 3,604.7 3,637.1 16 17 Professional and business services………………………………………… 3,492.4 3,621.7 3,449.0 3,482.5 3,514.0 3,524.1 3,556.7 3,614.7 3,644.6 3,670.8 3,716.3 3,763.4 3,783.6 18 Professional, scientific, and technical services…………………………… 1,971.8 2,045.9 1,943.1 1,967.5 1,991.8 1,984.7 2,026.2 2,038.2 2,045.8 2,073.4 2,080.1 2,100.6 2,098.0 19 Management of companies and enterprises……………………………… 629.3 634.1 629.3 627.5 624.3 636.0 620.5 643.4 644.2 628.3 641.1 648.4 653.2 20 Administrative and waste management services………………………… 891.4 941.6 876.6 887.6 897.9 903.4 909.9 933.1 954.5 969.1 995.1 1,014.3 1,032.3 21 Educational services, health care, and social assistance………………… 2,525.0 2,643.2 2,471.0 2,504.6 2,551.7 2,572.7 2,592.3 2,637.2 2,649.8 2,693.6 2,736.6 2,757.6 2,804.8 22 Educational services………………………………………………………… 329.1 339.6 323.4 328.0 330.2 334.7 335.7 340.7 339.6 342.5 346.1 351.8 360.7 23 Health care and social assistance………………………………………… 2,195.9 2,303.6 2,147.6 2,176.6 2,221.6 2,238.0 2,256.6 2,296.5 2,310.2 2,351.1 2,390.5 2,405.8 2,444.1 24 Arts, entertainment, recreation, accommodation, and food services…… 1,279.3 1,344.1 1,250.4 1,277.0 1,287.1 1,302.5 1,316.9 1,334.5 1,353.8 1,371.1 1,387.5 1,396.6 1,410.4 329.4 310.3 314.3 315.9 316.4 320.9 321.9 333.0 341.9 342.8 352.0 365.9 25 Arts, entertainment, and recreation………………………………………… 314.2 26 Accommodation and food services………………………………………… 965.0 1,014.6 940.1 962.7 971.2 986.1 996.0 1,012.6 1,020.8 1,029.2 1,044.7 1,044.6 1,044.5 27 Other services, except government………………………………………… 658.4 690.2 647.4 661.9 657.9 666.2 677.6 683.0 693.8 706.5 713.3 726.1 739.2 28 Government……………………………………………………………………… 3,533.2 3,605.3 3,492.9 3,527.9 3,544.7 3,567.5 3,565.3 3,598.4 3,624.2 3,633.3 3,665.6 3,692.0 3,725.4 29 Federal………………………………………………………………………… 1,101.2 1,106.8 1,098.3 1,103.5 1,099.5 1,103.3 1,102.0 1,106.6 1,111.3 1,107.3 1,108.7 1,114.9 1,123.9 30 State and local………………………………………………………………… 2,432.1 2,498.5 2,394.6 2,424.4 2,445.2 2,464.1 2,463.3 2,491.8 2,512.9 2,525.9 2,556.9 2,577.1 2,601.5 Addenda: 31 32 Private goods-producing industries1………………………………………… 8,046.1 7,941.3 8,060.9 8,128.8 8,090.3 7,904.3 7,797.0 7,885.9 7,970.2 8,112.1 8,281.2 8,282.4 8,360.5 2 Private services-producing industries ……………………………………… 19,852.1 20,538.3 19,580.7 19,814.7 19,964.0 20,049.2 20,153.9 20,422.8 20,673.0 20,903.7 21,207.7 21,481.6 21,676.4 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis – 13 –